I’m like a sponge on this, trying to absorb as much factual information as i can. So far, all the noise about Barney Franks is wrong, he’s got nothing to do with the bonuses. Chris Dodd does have something to do with the bonuses, he amended legislation to protect existing compensation packages. But I’m not clear yet when that amendment occurred, meaning don’t know if it was under Bush or Obama. Dodd responds that he inserted the amendment at the request of the Treasury, so the details do matter.
I’m still trying to absorb facts.
Stuart Carlson and Jerry Resler